The market demand function for corn is Qd = 21 - 4P. The market supply function is

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The market demand function for corn is Qd = 21 - 4P. The market supply function is QS = 5P - 6, both quantities measured in billions of bushels per year. What are the aggregate surplus, consumer surplus, and producer surplus at the competitive market equilibrium?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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